Examlex
Identify a widely reported measure of market data that is used by many investors as a rough indicator of a stock's trading range. Explain why the measure is reported.
Horizontal Equity
The principle that individuals with equal ability to pay should face equal tax burdens.
Marginal Tax Rates
The tax rate that applies to the next dollar of taxable income.
Vertical Equity
A principle in taxation that suggests taxpayers with a greater ability to pay should contribute more in taxes.
Ronald Reagan
The 40th President of the United States, serving from 1981 to 1989, known for his economic policies known as "Reaganomics".
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